Teacher Retirement System of Texas Buys New Shares in Ambarella, Inc. (NASDAQ:AMBA)

Teacher Retirement System of Texas bought a new stake in shares of Ambarella, Inc. (NASDAQ:AMBA) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 6,464 shares of the semiconductor company’s stock, valued at approximately $325,000.

A number of other institutional investors also recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. bought a new stake in Ambarella during the 4th quarter valued at $52,770,000. Invesco Ltd. grew its stake in shares of Ambarella by 736.7% in the 4th quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company’s stock worth $24,421,000 after acquiring an additional 295,606 shares in the last quarter. Woodline Partners LP grew its stake in shares of Ambarella by 2,367.1% in the 4th quarter. Woodline Partners LP now owns 263,333 shares of the semiconductor company’s stock worth $19,155,000 after acquiring an additional 252,659 shares in the last quarter. Sora Investors LLC grew its stake in shares of Ambarella by 91.0% in the 4th quarter. Sora Investors LLC now owns 353,372 shares of the semiconductor company’s stock worth $25,704,000 after acquiring an additional 168,372 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Ambarella by 345.2% in the 4th quarter. Alliancebernstein L.P. now owns 189,235 shares of the semiconductor company’s stock worth $13,765,000 after acquiring an additional 146,729 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Insiders Place Their Bets

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $62.58, for a total transaction of $62,580.00. Following the completion of the transaction, the director owned 39,281 shares in the company, valued at $2,458,204.98. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMBA has been the subject of several recent analyst reports. Morgan Stanley reduced their target price on shares of Ambarella from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, May 27th. Rosenblatt Securities upped their target price on shares of Ambarella from $87.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. Summit Insights upgraded shares of Ambarella to a “hold” rating in a research note on Thursday, May 29th. Needham & Company LLC reduced their target price on shares of Ambarella from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, May 30th. Finally, Stifel Nicolaus reduced their target price on shares of Ambarella from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $84.55.

Ambarella Stock Performance

AMBA opened at $69.38 on Friday. The firm has a market cap of $2.94 billion, a P/E ratio of -27.86 and a beta of 2.05. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $85.15. The firm has a 50-day moving average of $60.81 and a 200 day moving average of $61.30.

About Ambarella

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.